Many discussions and speculation surround the crypto market. However, some are closer to reality. One is the idea that crypto will turn or is already very close to the mainstream.
In an article on the website Seu Dinheiro, the engineer André Franco justifies this hypothesis stating that disruptive technologies are like Pandora’s box. As such, once open, it can no longer be closed, nor its contents can be hidden again. What has been seen cannot be “unseen”.
He points out that even with the benefits of the transaction speed, automated compliance, instant global liquidity, transparency and immutability, the trend of securities on blockchain did not engage at the expected pace. Another point is that the fall in the bitcoin, accompanied by the entire cryptomarket, had impacted in a negative feeling towards the issue. This would also have hampered the progress of the tokenized securities thesis.
On the other hand, if there was a negative impression, the thesis and the benefits for this branch remain the same. These assets are beginning to take off in official communications of the traditional market’s big names.
As we reported, the Asia Securities Industry and Financial Markets Association (ASIFMA), which has 125 members, including companies such as Citi, PwC, Standard Chartered and UBS, openly declared what it expects for the tokenized securities trend. They basically claim that the lack of clarity in regulation has barred many of the developments that could have already occurred in this ecosystem.
Crypto on the way to the mainstream
In addition to the Asian association, other relevant financial market players have shown interest on the subject. One of them was Franklin Templeton, a global investment fund with US$ 700 billion under management. Recently, the company filled out the preliminary prospectus to make a public offering through the blockchain Stellar.
Therefore, what André Franco foresses is that this idea will gain ground. And as this movement moves forward, especially in Asian territory, the world will have to move so as not to fall behind.
“Imagine what a world power like China would be able to do with the possibility of offering shares of companies worldwide without having to list them on stock exchanges outside the country, and without the natural wear of the international money transfer process”, points out the engineer.
On the other hand, the United States may feel a little intimidated with this movement and must strike back with some initiative by next year. If the U.S. government decides to close itself to initiatives like this, it will be adopting a stance closer to that of a dictatorship like China and less faithful to the traditional U.S. liberalism.